Sales were led by MercedesBenz (17,408 cars, 10% growth), BMW (14,172 cars, 18% growth), Audi (7,931 cars, 89% growth) and Volvo (2,423 cars, 31% growth). Jaguar Land Rover, part of Tata Group, sold 3,582 units during AprilDecember 2023, and industry sources told FE that its CY23 numbers would have crossed 4,000 units.
The other two carmakers in the luxury segment-Porsche and Lexus-haven't yet shared sales numbers, but sources said both put together did about 1,500 units in 2023.
While there's no official definition, seven carmakers are considered 'luxury'in India -Mercedes-Benz, BMW, Audi, Jaguar Land Rover, Volvo, Porsche and Lexus. Exshowroom prices start at ₹43.81 lakh (Audi Q3) and go up to 4.2 crore (Land Rover Range Rover LWB SV). As per analysts, 99% of the luxury car market is formed by these seven companies.
Denne historien er fra January 21, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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Denne historien er fra January 21, 2024-utgaven av Financial Express Mumbai.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
Allerede abonnent? Logg på
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